Michael Hudson,
President of The Institute for the Study of Long-Term Economic Trends
(ISLET), joins us to discuss the example of Iceland’s struggle against
the banking oligarchy. We examine the history of Iceland’s debt crisis,
the government that has effectively signed the country over to the
debtors, and the people’s efforts to reclaim their economy. We also look
at parallels in the Greek situation and ask what we can learn from what
the Icelandic people are going through.